Truecaller Pay set to race past 25 million users by end of March 2019

The platform is currently live with 60+ billers and is expected to have 125+ billers in a few weeksETBrandEquity | December 03, 2018, 14:19 IST

Truecaller Pay, the UPI based payment platform of Truecaller stated that the app is expecting to bring on board 25 million users by March 2019, organically. The platform is currently witnessing up to 100,000 users linking their bank accounts on a daily basis, of which as much as 50% of the new users are experiencing UPI for the first time.

To give a boost to this mission, Truecaller Pay has also recently tied-up with NPCI’s Bharat Bill Payment System that will encourage more users to make bill payments across utility services like electricity, water, gas, telecom and television recharge among others instantly. The platform is currently live with 60+ billers and is expected to have 125+ billers in a few weeks. In addition to this, Truecaller users will be able to make one tap bill payments from within its SMS notification feature, giving them a seamless payments experience.

Expressing his thoughts on the projection, Sony Joy, Vice President, Truecaller Pay, said, “Since we launched Truecaller Pay, we have been receiving an extremely encouraging response from our users. Due to this, we are even more committed to strengthen our payment platform and aggressively work towards bringing more features to the app. Our partnership with BBPS is one such initiative. We are confident that this will enable access to digital bill payments for the masses.”